Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with the below questions for an assignment. The screen shots are the questions and the below numbers are the data set for

I need help with the below questions for an assignment. The screen shots are the questions and the below numbers are the data set for excel. Any explanations on this also would be greatly appreciated!!

8526 U

8668 U

8668 U

8642 C

8986 U

8915 U

8260 U

8851 U

9062 C

8585 U

8327 U

8208 C

8918 U

8015 U

9104 C

8008 C

9209 C

9033 C

8753 C

8801 C

8126 U

8949 U

8614 C

8745 C

9003 U

8719 U

8981 U

8347 C

8969 U

9026 U

8132 U

9310 U

8428 U

9175 U

8944 U

8275 C

8036 U

9120 U

8583 U

8931 U

8235 U

8934 C

8690 U

8524 U

9000 U

8784 C

9190 C

8882 U

8050 U

8204 C

8054 U

8799 U

9239 C

8509 U

8131 U

8168 U

9198 U

9115 U

9084 U

8436 U

8642 C

8732 U

9200 U

8127 C

8887 U

8676 C

8246 U

8958 C

8765 U

8396 C

9170 C

8725 C

8901 C

8793 U

8318 C

8307 C

8485 C

8884 U

8669 C

8261 C

8196 U

8152 C

8059 U

8078 C

9087 C

9192 C

8550 U

8464 U

8910 U

9186 U

8288 C

8375 U

8465 U

8952 U

8817 C

8771 U

8460 U

8957 U

8023 C

8169 C

image text in transcribedimage text in transcribed
You are the Admissions Director at Holt State University (HSU), a large public university. You wish to have statistics that draw potential applicants' attention to HSU's unusually low tuition: annual tuition+fees=$8,200. You commission an assistant director to draw a random sample from the population of all public four-year colleges and universities in order to estimate the population average annual tuition+fees ("TF"). The data are contained in Tuition.txt: each observation in this le represents one school in the sample, and is formatted as follows: the TF amount (in dollars) followed by a blank followed by either a \"C" (the institution is a college: i.e., awards undergraduate degrees only) or a "U" (the institution is a university: i.e., awards both undergraduate and graduate degrees). Based on these data, and using only Excel, please answer the following questions: 953115-9493? 559.\" 10. ll. 12. 13. 14. 15. What is the best estimate of the population mean TF? - What is the best estimate of the population standard deviation of TF? ' What is the best estimate of the standard error of the sample mean TF? What is the lower bound of a 95% condence interval for the mean TF (using t)? - What is the upper bound of a 95% condence interval for the mean TF (using t)? Can you claim that you are 95% condent that HSU's TF is different than the average TF of all public four- year colleges and universities? (Non es) - Whnyhy not? - What is the best estimate of the proportion of the population with TF values exceeding $8200? I What is the standard error of the proportion of the population with TF values exceeding $8200? What is the lower bound of a 95% condence interval for the proportion of the population with TF values exceeding $8200? - What is the upper bound of a 95% condence interval for the proportion of the population with TF values exceeding $8200? - Can you make the claim that you are at least 95% condent that more than 7 5% of the nation's public four- iear colleges and universities have higher annual tuition+fees than HSU? (N on es) - WhyJWhy not? What is the best estimate of the difference (universities minus colleges) in mean TF values? - What is the best estimate of the standard error of the difference (universities minus colleges) in mean TF values? - What is the lower bound of a 95% condence interval on the difference (universities minus colleges) in mean TF?- What is the upper bound of a 95% condence interval on the difference (universities minus colleges) in mean m- (F or the last 4 questions, you may assume equal variances.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Mathematics questions